Charity registrdtion number 1158561 THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees I P Oliver S G R Lemaire J P Mccann Charity number (England and Wales) 1158561 Principal address 52 North Street Chichester West Sussex P019 1NQ Independent examiner MRJ Housden Bsc CTA FCCA Cawley Place 15 Cawley Road Chichester West Sussex P019 1UZ Solicitors George Ide LLP 52 North Street Chichester West Sussex POJ9 1NQ
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION CONTENTS Page Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The trustees presenl their annual report and financial Statements for the year ended 5 April 2025, The financial statements have been prepared in accordance with Ihe accounting policies set oul in nole 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and ' Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). Objectives and activities The objects of the charity are lo prornote and protect the physical and mental health for the public benefit, in particular but not exclusively to help people suffering from the Parkinson's Disease or those who are patients within a hospice by supporting holistic therapies accepted as being embraced by the Iirsl and second groups of the therapies originally defined by the House of Lords saenTr and technology committee report on complementary and alternative medicine as the Iruslees deem appropriate and which are practiced according to the Soteria network decision which sets out the commission's approach to the practi of such therapies. Ptsblic benefit The trustees have paid due regard to guiijance issued by the Charity Comtni55ion in deciding what activities the charity should undertake. Achievements and perfomiance Significant aclivilies and achieven7ents against objeclives Four grants tolalling £60,000 were made during Ihe year. including one grant of £20.000 to Sl Wilfrid's Hospice to pay for the annual running of the complimentary therapy seNices. Financial review Income for the year was £112,996 (2024 - £105.39n and Expenijitvre £117.092 (2024 - £78,978) There were losses on investments of £40,117 12024 - £52,941 gains). The net operating deficit was £44,213 (2024 - £79,360 Surplus). Total reserves at 5 April 2025 were £3,508,801 (2024 - £3.553.014). Included in the unrestricted reserves are investment properties of £1,075,000. Income Total income for the year was £112,996. The Charity reIVed no legacy income during the year. Expenditure Total expenditure for the year was £117,092. Resewes policy The charity was established by a donation from the late Rerre Elton. and with the funds received from his estate it is highly unlikely that the charity will receive any fvrther external funds. Therefore the trustees plan lo fund granls from the income generated by the investments with scope to use capital reserves when suitable. Investment policy The trustees investment powers are conferred under the Trustee Act 2000 and the twstees have a portfolio of investments that they hold under a medium risk in order to generate enough future income to fund the grant making objectives of the charity. Major risks The trustees have assessed the major rrsks to which the charity is exposed, and are salisfied that systems are in place lo mitigate exposure lo the major risks. Plans for future periods In light of the legacy received during the year, Ihe twstees have identified charities that could potentially benefit from a grant and are contacting them in order lo invite them to apply. The trustees have not established a maximum grant amount and will treat applications on a case by case basis.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Structure. governance and management The Rene and Ghislaine of Paris Healing Foundation is a registered charity. established under a trust deed. The trustees who Seed during the year and up to the date of signature of the finanaal statement5 were: I P Oliver S G R Lemaire J P Mccann Recruitment and appointment of Iwslees Truslees are recruited through neorkIng and word of mouth. Induclion and training oflruslees New trustees are inducted into the charity through George Ide LLP. the charItS solicitors. other matters The trustees meet at least once eath year (virtually rf necessary)- Day to day running of the chatity is delegated to the Trust department al George Ide LLP. The trustees, report was approved by the Board of Tnjstees. I P Oliver Trustee Date-.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION I report to the trustees on my examination of the financial statements of The Rene and Ghislaine of Paris Healing Foundation Ilhe charilyl for Ihe year ended 5 April 2025. Responsibilities and basis of report As the trustees of the chaTity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. report in respect of my examination of the charty's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the Ch3Tities Acl 2011. Independent examinerfs statement I have completed my examination. I confirm ihat no matters have come to my attention in connection with the examinalion giving me cause to believe that in any material respect= accounting records were not kepl in respect of the charity as required by section 130 of the Charitie5 Act 2011. the financial statements do nol accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl Ihat the financial slalements give a Irue and fair view. which is nol a matter considered as part of an independent examination. I have no concerns and have come acros5 no other matters in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the financial slatements lo be reached. MRJ Housden Bsc CTA FCCA Director- Watling & Hirst Limited Cawley Place 15 Cawley Road Chichester West Sussex P019 1UZ Dated.. 05102126
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income from: Charilable activities Investments 27.000 85,996 27,000 78,397 Total income 112.996 105,397 Expenditure on: Raising funds Charitable activities 37,515 79,577 35,057 43,921 Total expenditure 117,092 78,978 Net gainslllosses) on inveslmenls 11 (40.117) 52,941 Net incomellexpenditurel and movement in funds (44,213) 79.360 Reconciliation of funds: Fund balances al 6 April 2024 3,553,014 3,473,654 Fund balances at 5 April 2025 3.508,801 3,553,014 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION BALANCE SHEET AS AT 5APRIL 2025 2025 2024 Notes Fixed assets Investment property Investments 13 14 1.075,000 2.303.543 1,075,000 2,345,064 3,378.543 3,420.064 Current assets Debtors Cash at bank and in hand 15 82.394 49.577 74.472 60,182 131.971 134,654 Creditors.. amounts falling due within one year 16 (1,713) (1.704) Net current assets 130,258 132.950 Total assets less current liabilities 3.508.801 3,553,014 The funds of the charity Unreslricled funds 17 3,508,801 3,553,014 3,508,801 3,553,014 The financial 51atements were approved by the trustees on ......................... I P Oliver Trustee
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting policies Charity inforniation The Rene and Ghislaine of Paris Healing Foundation is an unincorporated charily. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102.) and the Charities SORP "Accounting and Reporting by Charilie5". Slatemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provision5 in the SORP for tharities not to prepare a Statent of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statetnents are rounded to the nearest £. The financial statements have been prepared under the historical cost 7Vention, modified to include the revaluation of freehold properties and to indude investment properties and rtain financial instruments at fair value. The principal accounting policies adopted ale set out below. 1.2 Going concern At the lime of approving the finanual slalements. the Irustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable fvture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted fijnds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are set out in the notes to the financial statements. Endowmenl funds are subject to specific conditions by donor5 that the capital must be mainlained by the charity. 1.4 Income Income is recognised when the charity is legally entilled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations ale recognised once the charity ha5 been notilied of the donation, unless performance condilions require deferral of the amount. Income lax recoverable in relalion to donation5 reIVed under Gift Aid or deeds of covenant is recognised at Ihe time of the donalion. Legacie5 are Tecognised on Teceipt or otherwise if the charity has been nolified of an irnpending distribution, the amount is known, and reIpt is expected. If the amounl is not known, the legacy is treated as a conlingent asset.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it IS PTobable that a transfer of economic benefits will be iequired in settlement, and the amount of the obligation can be measured reliably. Expenditure is dassified by aGlivrty- The costs of each aclivily are made up of the lotal of dIrt costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribule to more than one activity and support costs which are not attributable to a single activity are apportioned between Ihose aclivilies on a basis consistent with the use of resources. Central stsff costs are allocaled on the basis of time spent, and depreciation charges are allocaled on the porlion of the asset's use. 1.6 Investment property Investment property, which is property held to eam rentals andlor for capital appreciation, is initially recognised at cost, which indudes the purchase cost and any directly attributable expenditure. Subsequently it is measured al fair value at the reporting end date. The surplus or deficit on revaluation is recx)gnised in profit or loss. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. 1.8 Cash an(J cash equivalents Cash and cash equivalenls indude cash in hand. deposils held at call with banks, other short-lerm liquid investments with, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions of Seclion 11 '8asic Financial Instiumer)Is' and Seclion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitvs balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets: which indude debtors and cash and bank balans, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constituies a financing transaction, where the transaction is measured at the present value of the future reiptS discounted al a market rate of interest_ Financial assets classified as receivable within one year are not amortised.
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounting policie5 (Continued) Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are inilially recognised at Iransaction price unless the arrangement constitutes a financing transaclion. where the debt instrument is measured al the present value of Ihe future payments discounted at a markel rate of interest. Financial liabilities classified as payable wilhin one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or serViS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classilied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabililies. Trade credilors are recognised initially al transadion price and subsequently measured at amortised cost V5ing the effective interest method. Derecognition of financial liabilities Financial liabilitie5 are derecognised when the charity's contractual obligatsons expire or are discharged or cancelled. Income from charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Incorne from Charitable Activities Charitable rental income 27,0 27,000 Investments Unrestricted Unrestricted funds funds 2025 2024 Investment income 85,996 78,397 Raising funds Unrestricted Unrestricted funds funds 2025 2024 Inveslment management 37,515 35,057 37,515 35,057
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Expenditure on charitable activities Charitable Activities 2025 Charitable Activities 2024 Direct costs Bad debts relating to rental income 16.200 16,200 Grant funding of activities (see note 6) 60,000 24.489 Share of support and govemance costs Isee note 71 Governance 3,377 3,232 79,577 43,921 Analysis by fund Unrestricted funds 79,577 43,921 Grants payable Unrestricted Unrestricted funds fund5 2025 2024 Grants lo institution5= Complimentary therapy 60,000 24.489 Support costs allocated to activities 2025 2024 Governance costs 3,377 3,232 Analysed between: Charitable Activities 3.377 3,232 Net movement in funds 2025 2024 The net movement in funds is stated after chargingl(crediting)-' Fees payable for Ihe independent examination of the charity's financial slatements 1,575 1,500
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2025 Trustees None of the Iruslees (ar any persons conr)ected with them) received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was". 2025 Number 2024 Number Total Thore wera no 8mploy86£ whos& annual ramun&ration was moro than £60,0. 11 Net gainslllosses) on investrnents Unrestricted Unrestricted funds funds 2025 2024 Revaluation of investments Gainl{loss) on sale of investments (40,511) 394 53,115 (1741 (40,117) 52,941 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Investment property 2025 Fair value At 6 April 2024 and 5 April 2025 1.075,000 Investment property comprtses Ihree freehold residential properties. The fair value of the inve51menl property has been valued by the trustees on an open market value basis by reference to rnarkel evidence ol Iransaction prices for similar properties. 10-
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 14 Fixed asset investmer Listed investments Cost or valuation At 6 April 2024 Additions Valuation changes Disposals 2,345,064 916 (40,511) (1,926) At 5 April 2025 2,303,543 Carrying amount At 05 April 2025 2,303,543 At 05 April 2024 2,345,064 2025 2024 Inveslments at fair value comprise= Listed investments 2.303,543 2,345,064 11
THE RENE AND GHISLAINE OF PARIS HEALING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 15 Debtors 2025 2024 Amounts falling due within one year= other debtOTS 82,394 74,472 16 Creditors.. amounts falling due within one year 2025 2024 Accruals and deferred income 1.713 1,704 17 Unrestricted funds The unrestricted funds of the tharity comprise the unexpended balanS of donations and grant5 which are not subject to specific conditions by donDTS and grantors as lo how they may be used. These include designaled funds which have been set aside out of unrestrided funds by the trLbStees for specific purposes. At 6 April 2024 Incoming resources Resources expended Gains and 1055es At 5 April 2025 General fund5 3,553,014 112,9 (117,092) (40,117) 3,508,801 Previous year: At 6 Apyll 2023 Incorning resources Resources expended Gains and losses At 5 April 2024 General funds 3,473,654 105.397 (78,9781 52,941 3,553,014 18 Related party transactions There were no disdosable related party transactions during the year (2024- none). 12-